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Lebanon's private sector showed growth in February, with a PMI of 50.5, supported by increased new business, particularly from abroad. Optimism surged following the election of a pro-reform president, despite ongoing security concerns due to Israel's presence in strategic areas. Meanwhile, the UAE's non-oil sector maintained steady growth, with a PMI of 55, reflecting improved business conditions and rising new orders, although challenges like intense competition and limited job creation persist.
A distressed-debt rally is boosting high-yield funds, particularly in emerging markets like Argentina and Ukraine. Junk-rated dollar debt in these regions has returned 13% this year, with top performers including Argentina, Ecuador, Lebanon, and Ukraine, according to data from Bloomberg.
Israeli airstrikes have targeted al-Kard al-Hassan (Akah), a financial institution linked to Hizbullah, aiming to disrupt the militia's funding sources. This assault comes amid Lebanon's ongoing economic crisis, where many citizens struggle financially, and Hizbullah's influence remains strong despite the turmoil. The group's ability to provide aid has helped maintain loyalty among its supporters, even as the Lebanese economy continues to deteriorate.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Lebanon's private sector growth supported by new business and optimism
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12:29 05.03.2025
distressed debt rally boosts high-yield funds in emerging markets
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13:57 05.11.2024
Israeli airstrikes disrupt Hizbullah's financial network in Lebanon
19:00 21.10.2024
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